Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for chipmaker Marvell; ADBE drops 5%+
Adobe (ADBE.O) raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns …
Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours
Adobe (ADBE.O) raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns …
Adobe says CEO Shantanu Narayen will step down after it names his successor; Narayen became CEO in 2007 and will stay on as chair of the board; ADBE drops 6%+
Adobe said CEO Shantanu Narayen will step down after a successor has been appointed, and he will remain as the design software company's chair.
Adobe CEO Shantanu Narayen will step down after a successor is named; he became CEO in 2007 and will remain as chair of the board; ADBE drops 6%+ after hours
Adobe said CEO Shantanu Narayen will step down as CEO after a successor has been named, and remain as chair of the design software company's board.
Software and data stocks plunge over fears that new AI developments will supplant software; ADBE fell 7.31%, CRM 6.85%, and Thomson Reuters 15.83% on Tuesday
From Legalzoom.com and Expedia to Ares and Apollo, shares of companies that sell or invest in software fell sharply on Tuesday
Adobe reports Q4 revenue up 11% YoY to $5.61B, vs. $5.54B est., Digital Media revenue up 12% YoY, and forecasts FY 2025 earnings below est.; ADBE drops 8%+
Brody Ford / Bloomberg :
Adobe reports Q3 revenue up 11% YoY to $5.41B, vs. $5.37B est., Digital Media revenue up 11% to $4B, Q4 revenue guidance below est.; ADBE drops 9%+ after hours
- Company has added AI tools to its signature creative software — Revenue gains 11% in reported quarter; profit tops estimate
Adobe Q2: revenue up 10% YoY to $5.31B, vs. $5.29B est., Digital Media revenue up 11% to $3.91B, Digital Experience revenue up 9%; ADBE jumps 14%+ after hours
Jordan Novet / CNBC :
Adobe reports Q1 revenue up 11% YoY to $5.18B, vs. $5.14B est., Digital Media revenue up 12% YoY to $3.82B, and Q2 revenue guidance below est.; ADBE drops 10%+
Jordan Novet / CNBC :
The failed Figma acquisition leaves Adobe with ~$6B in cash, likely to be used for AI development and stock buybacks; ADBE is up 75%+ in 2023 amid AI excitement
- Startups like Canva, Figma and OpenAI remain a risk to growth — Investors banking on AI to boost Adobe's customers and sales